Carnaby Resources Strikes New Mineralisation Zone

Carnaby Resources Ltd. (AU:CNB) has released an update.

Carnaby Resources Ltd has announced a promising update on their Wimberu Prospect, part of the Devoncourt Project in partnership with Rio Tinto Exploration in Queensland, where a new breccia style mineralisation has been discovered. This new zone, which is open in all directions, is marked by high-grade copper sulphides and is adjacent to significant IOCG (Iron Oxide Copper Gold) targets. While assays are pending, the initial drilling results have been positive and suggest a high-tier target with further exploration and drilling planned.

For further insights into AU:CNB stock, check out TipRanks’ Stock Analysis page.